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HUGE PRICE REDUCTION - - 24,000 SQ FT RETAIL 1170 US Highway 45

24,000 SF 100% Leased Industrial Building Henderson, TN 38340 $3,900,000 ($163/SF)

Investment Highlights

  • ORIGINALLY A NEW CAR DEALERSHIP IN 2001
  • 24,000 SQ FT TOTAL -- 12,000 SQ FT REAR SERVICE AREA WITH DUAL TALL ROLL UP DOORS
  • NO TENNESSEE STATE INCOME TAX !!!!!!
  • DIRECTLY ON US HIGHWAY 45
  • ONLY 20 MINUTES FROM INTERSTATE I-40 AND LARGER CITY WITH POPULATION OF 70,000
  • BASED ON A LOW $162.50 PER SQ FT ASSESSMENT --- PLUS INCLUDES 4+ ACRES DIRECTLY ON US HWY

Executive Summary

OWNERS SELLING DUE TO RETIREMENT
Approximately 24,000 Sq Ft Total. 12,000 Sq Ft rear portion, generally used for service, repairs, manufacturing, warehousing and many other uses. 12,000 Sq Ft front portion with HVAC generally used for retail sales, administration, display of products and many other uses. Built in 2001, on 4.26 acres. Maintained property is completely fenced and gated.
Has 2 Gated Entrances To Property.
Has 3 Sections of The Property Which Could Possibly Be Separated For Additional Lease Income.
All 3 Sections Have Separate Building Entrance Doors and Rest Room.
Currently used as a medium and heavy duty truck dealership.
Situated directly on a major US Highway connecting the Gulf Of Mexico with northern Minnesota. Travel time to Interstate I-40 is only approximately 20 minutes. Located within the city limits of a small county seat city with a population of approximately 6,300. It is within 10 miles of a larger city with a population of approximately 70,000, and major manufacturing facilities.
The State Of Tennessee offers incentives to new businesses. See info at https://tnecd.com/
FOR SALE BY OWNER – – – $3,900,000
MOVE YOUR BUSINESS TO TENNESSEE ! ..... NO STATE INCOME TAX
HENDERSON TENNESSEE IS A VERY BUSINESS FRIENDLY AREA.
SEE INFO AND VIDEO AT https://hdtrucksandequipmentsales.com/auto-dealership-for-sale-by-owner-in-tennessee/
Private showings to qualified buyers UPON APPOINTMENT. Call (602) 510-5444
Attractive and modern facility with virtually unlimited uses. OVER 400 Feet Of US Highway 45 Frontage, with direct access to Hwy.
24,000 sq ft Building built in 2010 as new car dealership. Administration portion utilizes approximately 10,000 sq ft.
Administration portion includes show floor, sales offices, admin office, exec office with private bath, full kitchen,
conference room, public restrooms, a 2,000 sq ft "parts" room and IT room.
The rear 12,000 sq ft portion of the building is designated as service area, manager office, tool room, employee break room with restroom, dual wash bays, dual power 14 ft tall doors. An additional attached covered work area is outside the rear service door.
Large blacktop, fenced, gated and lighted parking area in addition to customer parking.
Rear "service dept"12,000 sq ft building is separated from front admin portion by a cement block wall.
This wall would allow for separation with an additional income producing lease potential. Another area
with separate entrance door and rest room could also be leased for enhanced lease income.
Located directly across from the Chevrolet dealer and 1/2 mile from Ford dealer.
120, 240 and 3 phase power. Steel building construction provides easy interior wall additions and removals
for specific improvements. Only 20 minutes from Interstate I-40 and larger city with population of 70,000.
Currently used as medium and heavy duty truck dealership.
.
The State Of Tennessee has many advantages and incentives to new businesses. See the State Of Tennessee offerings at https://tnecd.com/
Buyer Responsible For Any Buyer Agent Fee or Commission.

Property Facts

Price $3,900,000
Price Per SF $163
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Truck Terminal
  • Industrial Manufacturing
  • Industrial Warehouse
Building Class B
Lot Size 4.25 AC
Rentable Building Area 24,000 SF
No. Stories 1
Year Built 2001
Parking Ratio 5.21/1,000 SF

Amenities

  • Conferencing Facility
  • Fenced Lot
  • Mezzanine
  • Security System
  • Signage
  • Storage Space
  • Air Conditioning
  • Fiber Optic Internet

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
033-071.10
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$319,240

zoning

Zoning Code Commercial Rural (B4) (Allows most retail sales including vehicles/boats/RVs, light manufacturing, storage, warehouse, truck terminal, industrial,)
Commercial Rural (B4) (Allows most retail sales including vehicles/boats/RVs, light manufacturing, storage, warehouse, truck terminal, industrial,)
  • Listing ID: 30839770

  • Date on Market: 2/1/2024

  • Last Updated:

  • Address: 1170 US Highway 45, Henderson, TN 38340

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